Morgan Stanley Maintains Overweight on Comcast, Raises Price Target to $52
Portfolio Pulse from richadhand@benzinga.com
Morgan Stanley analyst Benjamin Swinburne has maintained an 'Overweight' rating on Comcast (NASDAQ:CMCSA) and raised the price target from $50 to $52.
July 28, 2023 | 5:22 pm
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Morgan Stanley has maintained an 'Overweight' rating on Comcast and raised the price target from $50 to $52, indicating a positive outlook for the stock.
The 'Overweight' rating maintained by Morgan Stanley indicates that they expect Comcast's stock to outperform the average market return. The increase in price target from $50 to $52 suggests that they believe the stock is undervalued at its current price, which could lead to an increase in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100